With stock market indices having crawled back to all-time highs, highs previously attained 13 years ago, there´s been the predictable talk about a Federal Reserve ignited rally. This absurd thinking populates a great deal of market commentary at the moment, not to mention that Fed Chairman Bernanke naturally believes it. Readers shouldn´t be fooled. The alleged logic underlying the above-mentioned presumption is that with all the dollars being created, they must have a place to go; the place being the stock market. Apologists for and at the Fed add on that the purpose of low rates is to force
Comments: Reality check for the Obamaton cheerleaders.
When business gets threatened, like they are now, they contract and get lean. This leanness allows them to make money, in the short term. If the threats, from this anti-business administration, start hurting, their performance could go south. In any event they won´t be expanding their businesses and hiring people, meaning the economy won´t improve as you need people working, and spending, for that to happen.
The public sector - from the White House down to your local school board - owns an estimated 80 - 85% of the Dow in terms of equity investments, pensions, funds, etc.
We the people pay for these investments, but NEVER see the return. The deficit only accounts for the difference between annual taxes from people and businesses and what the government spends. They never count returns from investments in the market, currencies, land and mineral leases, fees and permits, etc. as revenue to offset what they spend.
No end to Venezuelan president Nicolas Maduro oral bloopers. In campaign for the municipal elections of 8 December and in the midst of an economic war on big business of which it accuses of promoting inflation and destabilizing his government, a self confession or “sincericide” (a blend of sincerity and suicide) became the delight of social networks ant twitters. In the midst of a fiery and passionate speech he said “capitalists speculate and steal as we do”. “I want to tell shop owners of this country, small and medium, these shop owners that you know so well from your neighborhood, they
Politics: Eighty million Americans are losing health insurance, and 26 million are jobless. But lefty Rep. Linda Sanchez has made oppression of gay and transgender Latinos her priority. Seems the smaller the cause, the better. At a field hearing attended by all of 20 people in Los Angeles on Monday, the California Democrat bemoaned all the time spent on matters such as the slow economy, runaway government spending, the millions losing their insurance under Obama-Care and the 7.8% unemployment rate. Such issues, the congresswoman believes, are diverting attention from problems experienced by lesbian, gay, bisexual and transgender Latinos and Latinas. But then, that
LOS ANGELES — They began showing up at dusk last week, wandering the streets, slumped in wheelchairs and sitting on sidewalks, paper plates perched on their knees. By 6:30 p.m., more than 100 homeless people had lined up at a barren corner in Hollywood, drawn by free meals handed out from the back of a truck every night by volunteers. But these days, 27 years after the Greater West Hollywood Food Coalition began feeding people in a county that has one of the worst homeless problems in the nation, the charity is under fire, a flashpoint in the national debate
Former Utah Gov. Jon Huntsman (R) left the door open to another presidential run during a Monday panel in New Hampshire. Asked whether he ever thinks about running again — Huntsman dropped out of the 2012 Republican primary after finishing third in New Hampshire — he suggested he hadn´t ruled out the option. He closed a long response to the question, posed at Saint Anselm College, by saying: "Which is a long way of saying that I love public service. I´ll always be committed to public service. And as an itinerant public servant, from time to time, it´s hard to know where
Washington - Only four out of 10 Americans believe President Barack Obama can manage the federal government effectively, according to a new national poll. And a CNN/ORC International survey released Monday morning also indicates that 53% of Americans now believe that Obama is not honest and trustworthy, the first time that a clear majority in CNN polling has felt that way. According to the survey, conducted last Monday through Wednesday, 40% say the President can manage the government effectively. That 40% figure is down 12 percentage points from June and is the worst score Obama received among the nine personal
Justice: As our "friends" in Pakistan trump up new charges against the doctor who was pivotal in the demise of Osama bin Laden, America does nothing. Have we no honor left at all? Ten years of warfare across the globe, billions in treasure and thousands of American service members´ lives — all to hunt down the most heinous terrorist who ever lived. But what that victory came down to was the brave cooperation of one courageous individual. Dr. Shakil Afridi worked with the Central Intelligence Agency to persuade members of the bin Laden family
The United Nations maritime tribunal has ordered Russia to free a Greenpeace vessel and 30 people detained after an oil drilling protest in the Arctic. The court in the German city of Hamburg said a bond of 3.6 million Euros should be posted. A Russian statement after the ruling said the Hamburg tribunal had no jurisdiction in the case. The Arctic Sunrise and its crew were detained in September. All but one of those held have now been granted bail. The vessel was sailing under a Dutch flag when it was stopped and searched. The Dutch authorities, who brought the case, argued
Venezuelan Minister of the Interior, Justice and Peace Miguel Rodríguez Torres thinks that the government should take action against daily newspaper El Universal for releasing on Wednesday on its front page a photo of a blood stain after a crime. He made such remarks to TV channel Venevisión. The photo shows blood remains and the arm of the victim who was killed by his kidnappers. The minister encouraged the family members of the deceased to sue the newspaper as well. "This photo undoubtedly deserves a lawsuit against the daily newspaper and we will make a great effort to make it
In the home stretch of the 2012 presidential campaign, from August to September, the unemployment rate fell sharply — raising eyebrows from Wall Street to Washington. The decline — from 8.1 percent in August to 7.8 percent in September — might not have been all it seemed. The numbers, according to a reliable source, were manipulated. And the Census Bureau, which does the unemployment survey, knew it. Just two years before the presidential election, the Census Bureau had caught an employee fabricating data that went into the unemployment report, which is one of the most closely watched measures of the economy. And a knowledgeable
Latin America´s fuel purchases from the United States have doubled for five years in an attempt at keeping the economies on. Meanwhile, dependence grows despite the region´s vast oil reserves. In the case of Venezuela, in addition to delaying joint refining projects abroad, state-owned oil company Pdvsa has made no strides with the expansion of its internal refining network at 1.3 million barrels per day (bpd). The oil giant has planned three new refineries for its portfolio, in addition to the expansion of two middle-sized units. However, Pdvsa has put off inauguration days. It now wants to add some 25,000 bpd to
MEXICO CITY – Residents of Tancitaro, a city in the western Mexican state of Michoacan, armed themselves and killed nine members of the Caballeros Templarios drug cartel, a self-defense group leader said. The incident occurred on Saturday after residents armed with rifles and pistols gathered in the city’s plaza after hearing the bells at the main Catholic church pealing, Jose Manuel Mireles, a physician and leader of one of the nine self-defense groups operating in Michoacan, told Efe. Armed civilians and members of the vigilante groups in the nearby cities of Buenavista Tomatlan, Tepalcatapec and Coalcoman provided support to the armed residents
CHAMBERSBURG - Know your constituency. It´s the first rule of local politics. The second: What happens in New York City usually can only happen in New York City, and is best kept there. Policies that fit “The Big Apple” don´t fit a town that is, say, known statewide for its Apple Festival. Just ask Democrat Pete Lagiovane, the mayor of this Franklin County town who won´t return to office in January. He lost his bid for re-election — to a seat he won unopposed the last time — in part because he signed up Chambersburg as one of New York Mayor Michael
Rush Limbaugh and Sarah Palin are starting to sour on the new pope. In response to Pope Francis’ first Apostolic Exhortation, in which the pontiff denounced “trickle-down theories which assume that economic growth, encouraged by a free market, will inevitably succeed in bringing about greater justice and inclusiveness in the world,” these two paragons of the far right – both of whom regularly invoke the teachings of Jesus to bolster their own political views – have suddenly turned their backs on the man whose actual job description is to speak for Jesus. Sarah Palin complained that Pope Francis sounded “kind
President Obama requested Israeli Prime Minister Benjamin Netanyahu take a “breather” from his harsh criticism of the U.S. strategy regarding Iran during a call betwee the two leaders, The Washington Post reported on Thursday. The request came as the administration girds up for a push in the next six months to reach a final settlement on Iran´s nuclear program. The president reportedly urged Netanyahu to tone down his rhetoric for the sake of diplomacy and urged him to dispatch officials to Washington who could help negotiate a resolution agreeable to both countries. The president called Netanyahu last Sunday, promising to
In 1947, Sen. Harley Kilgore (D-W.Va.) condemned a proposed constitutional amendment that would restrict presidents to two terms. “The executive’s effectiveness will be seriously impaired,” Kilgore argued on the Senate floor, “ as no one will obey and respect him if he knows that the executive cannot run again.” I’ve been thinking about Kilgore’s comments as I watch President Obama, whose approval rating has dipped to 37?percent in CBS News polling — the lowest ever for him — during the troubled rollout of his health-care reform. Many of Obama’s fellow Democrats have distanced themselves from the reform and from the president.
Cher told her fans on Wednesday that she does not celebrate Thanksgiving. In fact, she appears to deplore the American holiday, calling in the “beginning of a great crime.” Cher said that the American settlers were guilty of taking land from native Americans who had no concept of property ownership and also intentionally infected them with smallpox. “You don’t celebrate the holiday I thought?” a fan asked Cher. “I DON’T,” Cher replied emphatically. She said that, to her, Thanksgiving is a day to see family, eat food together and watch a movie. “Not 2 celebrate the beginning of a GREAT Crime.” When asked
For all the gnashing of teeth over the lack of comity and civility in Washington, the real problem is not etiquette but the breakdown of political norms, legislative and constitutional. Such as the one just spectacularly blown up in the Senate. To get three judges onto a coveted circuit court, frustrated Democrats abolished the filibuster for executive appointments and (non-Supreme Court) judicial nominations. The problem is not the change itself. It’s fine that a president staffing his administration should need 51 votes rather than 60. Doing so for judicial appointments, which are for life, is a bit dicier. Nonetheless, for
Four more years. 10 trillion more dollars in debt. And by the end of it, we’ll have a nuclear war in the Middle East and mandates forcing you to buy everything from electric cars to Michelle Obama’s trademark Soy and Asphalt pie. The motives behind the Washington Post op-ed argument are… revealing. I watch President Obama, whose approval rating has dipped to 37?percent in CBS News polling — the lowest ever for him — during the troubled rollout of his health-care reform. Many of Obama’s fellow Democrats have distanced themselves from the reform and from the president. Even former president Bill Clinton
President Obama's weekly remarks: Hi, everybody. On behalf of all the Obamas — Michelle, Malia, Sasha, Bo, and the newest member of our family, Sunny — I want to wish you a happy and healthy Thanksgiving. We’ll be spending today just like many of you — sitting down with family and friends to eat some good food, tell stories, watch a little football and. most importantly, count our blessings. And as Americans, we have so much to be thankful for.
LEE COUNTY - The Lee County Sheriff´s Office has arrested a juvenile in connection with two random attacks reported in Lee County. Traveshia Blanks, of Fort Myers, is charged with two counts of battery on a person 65 years of age or older. On Tuesday around 3:50 p.m., deputies responded to a report of a group of people who randomly attacked an unsuspecting victim (Snip)We talked to students from nearby Cypress Lake High School who didn´t seem to think the teens did anything wrong. "I´m not gonna say it´s not right and it´s not fun, because it is fun," said
For Kentucky Sen. Mitch McConnell, enough was enough. The Senate´s top Republican had watched a Tea Party-driven government shutdown sink the GOP´s already-weak brand and jeopardize McConnell´s own chances of ever becoming majority leader. The solution, he concluded, was that the party´s so-called Establishment had to start fighting back against its most conservative wing. McConnell, an ardent Obamacare opponent, and other Republican pragmatists in Congress, supported the conservatives´ mission to defund Obamacare during budget negotiations, which led to the 16-day shutdown. But the pragmatists also accepted that their odds of success were virtually nil. Democrats ruled the Senate and White House, those
One day after a new poll showed that only a minority of Americans trust President Barack Obama, the president told an audience that his policies are based on kindness. “Kindness covers all of my political beliefs,” Obama told his audience of wealthy investors, high-tech donors, journalists and fellow Democrats Tuesday, only two months after he slashed at GOP legislators, calling them arsonists, nuclear blackmailers, economic wreckers, hostage-takers, obsessives and irresponsible extremists. “When I think about what I’m fighting for, what gets me up every single day, [kindness] captures it just about as much as anything,” he told his audience at the DreamWorks
Progressive talk radio needs a savior. Just a few dozen stations now carry liberal talkers, as key affiliates in cities with active left-wing politics are falling like dominoes, going dark or switching formats. Detroit’s progressive outlet shut down in January, along with Seattle’s liberal talk station, which changed to sports. And after last year’s election, Portland’s progressive talk station ended its political programming. With the political battlegrounds of 2014 and 2016 on the horizon, reducing the whopping imbalance between conservative radio, with its huge fan base, and the left has become more important than ever, according to those in
When 200 of CGI Federal´s top managers gathered at the luxurious Nemacolin Woodlands Resort in southwestern Pennsylvania on a brisk day in early November 2009, they found time for business - and high jinks. CGI Federal and its parent company, CGI, do behind-the-scenes work, often with "Top Secret" clearance, for hundreds of American and foreign government agencies - from the U.S. Nuclear Regulatory Commission and State Department to the Kyrgyzstan Border Service and World Anti-Doping Agency. But the questions swirling around the company go beyond how it mangled the showpiece reform of Obama´s presidency. Some investors and analysts are expressing concerns